PREMIUM
Income Boosters: replacing Morrisons with a quality family firm
This week we're revealing a new share for the Income Boosters portfolio. We'll also look at recent updates from some of our existing dividend stocks.
Morrisons: losing a reliable performer
When we added Wm Morrison Supermarkets (LON:MRW) to the Income Boosters at the start of 2020, we didn't know what lay ahead. We were attracted to Morrison's reliable cash flows and its property-backed balance sheet.
Our reasoning was simply that this well-run business should be able to provide reliable dividends. The valuation looked attractive too, with a forecast yield at that time of 4.8%.
As it's turned out,…
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